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Jakarta Post

Economic growth: The rise of the Indonesian middle class

  • Cyrillus Harinowo

Jakarta   /   Tue, September 16 2008   /  10:23 am

The Grand Indonesia Shopping Town is likely to be the latest addition to the string of Indonesian shopping malls. But this is not just an ordinary addition. The Grand Indonesia is currently the largest and most luxurious shopping mall in the country, if not in Southeast Asia. The complex, which includes the BCA Tower, named after Indonesia's second largest bank, Kempinsky Hotel and high rise Kempinsky Residence occupies a total space of 650,000 square meters. The mall itself boasts a leasable space of 250,000 square meters. By comparison, Mall of America, the largest shopping mall in the United States located in Minneapolis, occupies a gross space of 405,000 square meters and leasable space of 225,000 square meters. Shortly before that, another luxurious shopping mall also opened. Pacific Place Mall sits strategically across from the Jakarta Stock Exchange and has ...